RAK to launch free zone dedicated to digital and virtual asset firms ...United Arab Emirates

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RAK to launch free zone dedicated to digital and virtual asset firms
The Government of Ras Al Khaimah (RAK) intends to launch the ‘world’s first free zone dedicated to digital and virtual asset companies’. RAK Digital Assets Oasis will be a purpose-built, true innovation-enabling free zone for non-regulated activities in the virtual assets sector, RAK said. According to a statement, the free zone is intended to be the only free zone in the world solely dedicated to digital and virtual assets service providers innovating in new and emerging sectors of the future including metaverse, blockchain, utility tokens, virtual asset wallets, NFTs, DAOs, DApp, and other Web3-related businesses. RAK Digital Assets Oasis will open for applications in the second quarter of

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